The Trump administration's tariffs promise significant federal revenue, but rising inflation raises concerns. As the Federal ...

U.S. Treasury Secretary Scott Bessent took a victory lap as his department reported an unexpected increase in receipts from ...

Tariff income won’t come close to balancing the federal fisc.

Trump has rolled back many of his steepest tariffs over recent months, including a sky-high levy on China, the top source of U.S. imports. In recent days, however, Trump announced plans to slap ...

President Trump boasted this week that his tariffs are raising "a fortune" for the U.S. government. Tariffs could also raise prices for the back-to-school and Christmas shopping seasons.

The U.S. collects billions in tariff revenue each year and it all ends up with the U.S. Treasury.

Tariff revenue quadrupled compared to a year ago and cost savings increased sharply in June to help the federal government ...

The Congressional Budget Office reported federal revenues are starting to surge, as they are up about 18% since June.

A new survey by the Federal Reserve reveals President Donald Trump’s sweeping tariffs are already costing consumers.

Tariff revenues have brought in more that $113 billion so far this year, according to the Treasury Department data. The U.S. received more than $27 billion in customs duties in June alone.

The White House did not respond to a request for comment. Why did tariffs work in the past? Between 1870 and 1913 – the year federal income tax became law – tariff revenue tended to bounce ...

Even from the Civil War until 1913, when the Constitution was amended to provide an income tax, tariffs produced 50 percent of federal revenue. In 1900, government at all three levels — federal, state ...